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Stocks finish at record highs, S&P 500 has best start to a year since 1987


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2018 Jan 9, 7:27pm   2,599 views  10 comments

by MrMagic   ➕follow (2)   💰tip   ignore  

Not again........ Can we impeach Trump yet??

U.S. equities rose to record highs on Tuesday as investors remained optimistic about the market heading into the corporate earnings season.

The S&P 500 hit a fresh all-time high, rising 0.1 percent to close at 2,751.29. The index is also enjoying its best start to a year since 1987. The S&P 500 is up 2.7 percent for the year, notching its biggest six-day gain to kick off a year since then.

The Dow Jones industrial average jumped 102.80 points to 25,385.80 as Boeing reached an all-time high. The Nasdaq composite climbed 0.1 percent and closed at 7,163.58.

"It's been a great start to the year. The momentum we saw in 2017 carried over into this year," said Jim Davis, regional investment manager at U.S. Bank Wealth Management.

U.S. equities are off to a strong start for the year as the momentum seen in 2017 carried over into 2018. The major averages have reached fresh record highs in 2018 and have hit key milestones. The Dow, S&P 500 and Nasdaq closed above 25,000, 2,700 and 7,000, respectively, for the first time last week.


https://www.cnbc.com/2018/01/09/us-stocks-earnings-season-target-boj.html
#economics

Comments 1 - 10 of 10        Search these comments

1   Strategist   2018 Jan 9, 7:31pm  

Sniper says
Not again........ Can we impeach Trump yet??

U.S. equities rose to record highs on Tuesday as investors remained optimistic about the market heading into the corporate earnings season.


Oh God, not again. What is wrong with this guy?
2   anonymous   2018 Jan 9, 7:33pm  

How much longer will the Obama bull market last?
3   anonymous   2018 Jan 9, 7:47pm  

The obama bull market has been running strong for eight years.

The only reason y-ou would post a two year chart is to be disingenuous because you missed out on the housing rebound and equities bull run
4   MrMagic   2018 Jan 9, 7:55pm  

errc says
The only reason y-ou would post a two year chart


That two year chart is after 6 previous years of "Recovery".... What happened??

errc says
because you missed out on the housing rebound and equities bull run


Why do yo-u lie all the time. Why can't yo-u be civil? Is that really hard for yo-u?
5   anonymous   2018 Jan 9, 8:01pm  

Sniper says
errc says
The only reason y-ou would post a two year chart


That two year chart is after 6 previous years of "Recovery".... What happened??

errc says
because you missed out on the housing rebound and equities bull run


Why do yo-u lie all the time. Why can't you be civil? Is that really hard for yo-u?


Healthy consolidation after everything at least doubled. What did you think happened?
6   anonymous   2018 Jan 9, 8:11pm  

Since 1987... Hope we don't have a black Monday like in 1987. Can the market drop 6,000 in 1 day?
7   Strategist   2018 Jan 9, 8:13pm  

anon_961a0 says
Since 1987... Hope we don't have a black Monday like in 1987. Can the market drop 6,000 in 1 day?


Only if Obama becomes President again.
8   WatermelonUniversity   2018 Jan 9, 9:54pm  

too bad for Trump supporters, too many are low income so no buying stocks.
9   Strategist   2018 Jan 9, 10:03pm  

BorderPatrol says
too bad for Trump supporters, too many are low income so no buying stocks.


He still won didn't he? Now with even more people becoming prosperous, he will win again.
By the way, how did voting for Obama help the low income? they are still low income, aren't they?
When will the poor realize, voting for someone like Obama won't make them rich. Get some education, get some skills, and do some work. That is what will make you better off.
10   anonymous   2018 Jan 9, 10:34pm  

Amazing what corporate tax cuts will do for the market in the short run.

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